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20130113
20130121
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american pub
're going to face it again, you know, debt ceiling stuff, what is the republican strategy in dealing with the democrats? david. >> you know, mike, i was on capitol hill this week talking to top republicans, and i'm getting a sense and you're seeing it written about as well, that they would maybe like to step away from the brink about the debt ceiling. they do want to force the issue about how can they get this president to agree to additional spending cuts? the debt ceiling is a dangerous game. i think they recognize that politically. they'll push -- the question is how -- how do they push on the debt ceiling? do they say, look, we'll give you a short-term extension of the debt ceiling for a certain amount of spending cuts, or we'll give you a long-term extension like you want for even more spending cuts. can they force entitlement reform around medicare, for instance, even some of the -- in their view -- more limited things that the president wants to do around means testing and age and indexing to try to attach that to a debt-limit deal. do they move beyond the debt limit, try to g
that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does he not want to take advantage of the power he has to try to advance this, to get more robust economic growth independent of his misgivings about his partners here on capitol hill. >> chuck, i think it's fair to say that harry reid was somewhat marginalized during negotiation biden sort of swooped in to save the day. what do you see as his role going forward as we edge toward these upcoming fiscal cliffs?
come out and said that if washington doesn't deal with the debt ceiling, they could be downgrading the united states, the watch for that. once again the debt ceiling. i want to point out one thing. the last time we went -- whole drama about the debt ceiling, we got downgraded, do you know what happened to the interest rates? they went down dramatically. yeah. the -- treasury market actually went up. happened to be the same time that europe was going through its crisis. and -- the safest investment in the world seen at the time is still by many people in the world is the u.s. government debt despite the huge amounts of it we continue to borrow. >> are you still traveling around the world? >> yeah. i'm the chief international correspondent. fourth quarter was dominated by domestic news. i did travel in the fourth quarter. we are waiting to see if the italian elections with berlusconi should be interesting. waiting for chavez the die. >> that should be a party. >> always interesting. >> come back when you can. >> if you can stick around as much as possible so we don't have to talk to
was in it. >> very difficult. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require bu
deficit reduction deals that were contingent upon or in the context of raising the debt ceiling. you, yourself, four times have done that. three times, those were related to deficit reduction or budget maneuvers. what chuck and i and i think many people are curious about is this new, adamant desire on your part not to negotiate, when that seems to conflict with the entire history in the modern era of american presidents and the debt ceiling, and your own history on the debt ceiling. and doesn't that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this? >> well, no, major, i think if you look at the history, getting votes for the debt ceiling is always difficult, and budgets in this town are always difficult. i went through this just last year. but what's different is we never saw a situation as we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting. and the fact of the matter is, is that we have never seen the debt ceiling used in this fash
ceiling bill that was undermined from the beginning, no deal was reached, sequestration, massive cuts to our national security, our national defense. would be inflicted. and massive cuts to medicare. our leaders responded to me that , gee, the democrats will never allow the cuts to medicare, the sequestration to medicare, $300 billion or so, they'll never allow that. that's why we know the supercommittee will reach an agreement. i advised them that that would not happen. there would be no agreement. of course they're willing to have $300 billion or so cut to medicare because obamacare cut $00 billion from medicare, from our seniors' care, without a single republican vote. so the only way the democrats could run a commercial last year, 2012 with any sincerity at all saying, gee, republicans are cutting medicare, would be if they prevent republicans from reaching agreement with the president, democrats, and then they'll run in in commercials in 2012 and blame republicans and say, see, they didn't reach an agreement. they wanted to cut seniors and help their rich friends. as some of us m
's some type of deal on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of them, but the republicans have some caveats to that and want to make sure that the senate democrats pass a budget. something they haven't done in the last four years and put some heat on the democrats right there. even as both sides are talking about coming together on some of this, there's going to be an edge to it as well. let's not forget the president is still dealing with high unemployment. and wants to focus on gun control, immigration reform and get those done in the second term and still got things left over from the first term. stubbornly high unemployment said he's going to c
in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place. 69%. yes, it would be reckless not to raise the debt ceiling. >> which of course is president obama's position, 23% one there because he says this is like we have run up our credit card bill. this is like not
are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending under control. >> it's a compelling message saying we ned to pay the bills we've racked up. of it messes the whole point again. think of it in terms of a credit card. in you have a son or daughter who exceeds the limit, the first thing you do is rip up the card, the second thing you do is you say you need to change your spending habits. >> reporter: they say we need to a just what bills we are paying and how they are paying. jon: the issue of depending on disaster relief could provide tkraeupl drama there on capitol hill. >> reporter: speaker john boehner promised that the house would take up sandy relief bills
of the senate voted against a debt ceiling increase and in previous aspects of american history president reagan in 1985, president george herbert walker bush, president clinton, in 1997 all signed deficit reduction deals were contingent mon or in con connection with raising the don't ceiling. you done that four times. three times related to defecit reduction and maneuvers. what chuck and i are curious about that desire not to negotiate, when that contrasts with the modern american presidents and your own history on the debt ceiling because that suggests we will go into a default situation because no one is talking to each other how to resolve this? >> no, major. i think if you look at the history, getting votes for the debt ceiling is always difficult and budgets in this town are always difficult. i went through this just last year, but what's different is we never saw a situation as we saw last year in which certain groups in congress took such an absolutist position, that we came within, a few days of defaulting. and you know, the fact of the matter is, that we have never seen the debt ceilin
Search Results 0 to 13 of about 14 (some duplicates have been removed)